What will replace bubble talk in 2006?

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It’s a new year, and that means new conventional wisdom about the housing market. The wisdom 12 months ago coalesced around the idea of a housing bubble. That didn’t pan out, and so now the idea of a slowing market (“slowing” is the new “bubble”) stymieing the growth of the entire economy seems to be gaining traction among economists, analysts, and others who read the housing market’s tea leaves. more [WSJ]